Bryon Fields Acquires Marianna Multifamily For $6M With Brokers Johnny Blue Craig & Austin McLeod
5090 US Route 90, Marianna, Florida 32446, United States
$6,000,000
$5/SF
Building Size
1,054,588 SF
Asset Type
MultiFamily
Closing
Jun 1, 2022
AI
The multifamily property located at 5090 US Hwy 90 E in Marianna has been sold for a total of $6,000,000. The transaction took place on 06/02/2022. The property consists of 100 units and spans a total square footage of 1,054,588. The purchase price per unit was $60,000, while the price per square foot was $6.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $6,000,000
- Date: 06/02/2022
- Address: 5090 US Hwy 90 E
- Market: Marianna
- Buyer: Bryon Fields
- Seller: Nicol Johnson
- Brokers: Johnny Blue Craig & Austin McLeod - Matthews Real Estate Investment Services
- Units: 100
- Price per Unit: $60,000
- Total Square Footage: 1,054,588
- Price per Square Foot: $6
The deal was facilitated by brokers Johnny Blue Craig and Austin McLeod of Matthews Real Estate Investment Services.
Players
Marianna MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.64%
Cash-on-Cash
-0.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93